There wasn’t much to speak of this Friday afternoon, with the markets set to end the week with a red-tinged shrug.
The Dow Jones dipped 50-ish points after the bell, keeping the right side of 23400 as investors (very lightly) fretted over the Republicans’ ability to get their tax plan through Congress. The dollar, meanwhile, could only ease, rather than eradicate, the day’s losses, with the greenback down 0.1% against the pound, 0.2% against the euro and 0.5% against the yen as investors process the news that Robert Mueller subpoenaed more than a dozen of Trump’s campaign officials back in October.
Over in the eurozone the euro’s gains continued to cause a headache for the region’s indices. The DAX slipped 0.1%, the CAC 0.4% and the IBEX 0.8%, cementing a rather miserable week for the trio.
As for the FTSE, despite a relatively flaccid performance by the pound, and the reversal of early losses in the commodity sector, the UK index just couldn’t get anything going this Friday. Instead it sat flat around 7390, preventing from taking off thanks, in part, to United Utilities (LON:UU) and Severn Trent (LON:SVT).
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